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A second deposit, Ortacam, is located approximately 500 metres southeast of the Ortacam North deposit. The gold mineralization at Ortacam is structurally-controlled and occurs within discrete silica ledges with quartz-alunite halos. Thirty-six drill holes currently define the extent of the Ortacam deposit, which measures approximately 250 by 200 metres in plan. The depth of oxidation at the Ortacam deposit is variable but generally less than 100 metres.

Currently, five diamond drill rigs are on-site with four rigs carrying out 50 metre spaced infill drilling at the Ortacam North deposit and one rig carrying out 100 metre spaced step-out drilling at Ortacam North. The majority of the diamond drill holes are PQ and HQ diameter and are oriented to the southwest with a declination of -50 to -60 degrees. Hole depths generally average around 300 metres with some deeper holes being drilled to 500 to 600 metres.

Procedures for sampling of drill core for analysis conform to industry best practices with chain-of-custody being observed for all samples. Core samples are sawed in half using electric-powered diamond core saws at the project's core cutting and storage facilities in Develi. Drill core samples are collected at nominal one to two metre intervals using half of the cut drill core. The remaining half core is stored for future reference. Samples are analysed for gold by 50 gram fire assay with AAS finish and for a multi-element suite by a multi-acid digest with ICP-OES finish. Quality control is monitored by the insertion of blind certified standard reference materials, duplicates and blanks into each sample batch. Holes ODD1 to ODD69 were analyzed by ALS Chemex at its analytical laboratory in Rosia Montana, Romania. Subsequent holes have been analysed by SGS at its laboratory in Ankara, Turkey. The quality system for both companies complies with the requirements for the International Standards ISO 9001:2000.

Centerra has provided quarterly updates of drilling results from the Oksut Gold Project since February of this year (see www.centerragold.com for previously released results). A complete listing of drill results and supporting maps/sections for the Oksut Gold Project have been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and are available at the Company's web site at: www.centerragold.com.

To view the graphics, maps/drill sections and complete drill results discussed in this news release, please visit the following link: http://media3.marketwire.com/docs/CENTTABLEMAP.pdf.

Qualified Person

The new drilling results for the Oksut Gold Project in this news release and on Centerra's website and the other scientific and technical information in this news release were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and were prepared, reviewed, verified and compiled by Centerra's geological and mining staff under the supervision of David Groves, Certified Professional Geologist, Centerra's Vice President, Global Exploration, who is the qualified person for the purpose of NI 43-101.

Cautionary Note Regarding Forward-looking Information